Describe the budget deal made by members of congress

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Reference no: EM133785022

In reference to the video "What we know about Congress' unusual solution to the debt ceiling disagreement" and Chapter 11 (Budget Execution) and 12 (Financial Mangement: Accounting, Reporting and Auditing) of "Lee, R. D., Johnson, R. W., & Joyce, P. G. (2021). Public Budgeting Systems (10th ed.). Burlington, MA: Jones & Bartlett Learning" respond to the following questions:

Describe the budget "deal" made by members of Congress.
In the long run, what problems/issues can the deal have on government services and on individual Americans? (hint: one of the issues involves raising the debt ceiling.)
What will the deal mean in terms of the federal deficit and debt reduction when government agencies/departments enter the "execution phase of the budget" (Ch. 11)?

References:

PBS NewsHour. (2021, December 7). What we know about Congress' unusual solution to the debt ceiling disagreement [Video]. YouTube.

Lee, R. D., Johnson, R. W., & Joyce, P. G. (2021). Public Budgeting Systems (10th ed.). Burlington, MA: Jones & Bartlett Learning.

Reference no: EM133785022

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